Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) Hits New 52-Week High – Time to Buy?

Shares of Avantis U.S. Small Cap Value ETF (NYSEARCA:AVUV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $122.28 and last traded at $122.16, with a volume of 124507 shares traded. The stock had previously closed at $120.91.

Avantis U.S. Small Cap Value ETF Trading Down 1.0%

The stock has a 50-day simple moving average of $117.44 and a 200-day simple moving average of $110.94. The company has a market cap of $26.28 billion, a price-to-earnings ratio of 11.26 and a beta of 1.00.

Institutional Trading of Avantis U.S. Small Cap Value ETF

Several institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in Avantis U.S. Small Cap Value ETF by 565.7% in the 1st quarter. Sound Income Strategies LLC now owns 233 shares of the company’s stock valued at $26,000 after acquiring an additional 198 shares during the last quarter. Rogco LP acquired a new stake in Avantis U.S. Small Cap Value ETF in the 4th quarter valued at about $31,000. Basepoint Wealth LLC acquired a new stake in Avantis U.S. Small Cap Value ETF in the 4th quarter valued at about $31,000. Cornerstone Planning Group LLC lifted its holdings in Avantis U.S. Small Cap Value ETF by 1,992.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 272 shares of the company’s stock valued at $33,000 after acquiring an additional 259 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in Avantis U.S. Small Cap Value ETF in the 4th quarter valued at about $43,000.

About Avantis U.S. Small Cap Value ETF

The Avantis U.S. Small Cap Value ETF (AVUV) is an exchange-traded fund that is based on the Russell 2000 Value index. The fund is an actively-managed portfolio of US small-cap value companies selected based on fundamental criteria. AVUV was launched on Sep 24, 2019 and is managed by American Century Investments.